FCA prosecutes over unauthorised investment scheme

FCA prosecutes over unauthorised investment scheme

The Financial Conduct Authority has started a criminal prosecution against a man allegedly involved in operating an unauthorised investment scheme.

The regulator has alleged Mark Starling, 57, of Surrey, operated schemes, which purported to carry out financial futures trading for the benefit of investors, between August 2008 and April 2017.

Mr Starling has been charged with three offences, including two counts of fraud and the offence of operating, or purporting to operate, a collective investment scheme without authorisation or exemption.

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He appeared at the City of London Magistrates' Court today (21 August), when the case was passed to Southwark Crown Court, with the first preliminary hearing scheduled for Tuesday 18 September.